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Issuers cut credit card reward programmes after interchange shake-up

Issuers cut credit card reward programmes after interchange shake-up

Two UK card issuers are cutting the reward schemes offered on credit products in response to the card interchange fee cap announced by the European Parliament. In a move that confirms fears that the new interchange fees would disadvantage consumers, Capital One wrote to customers informing them that it is either cutting cashback points on [...]

The post Issuers cut credit card reward programmes after interchange shake-up appeared first on Payments Cards & Mobile.

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